Medical Drones Market size was valued at USD 387.17 million in 2023 and is likely to cross USD 5.59 billion by the end of 2036, registering more than 22.8% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of medical drones is estimated at USD 457.79 million.
Extensive research associated with medical drones in western countries, along with the growing significant investments in the development of advanced medical drones and increase in public acceptance, is estimated to boost the market growth. The growth of the market can also be attributed to factors such as the government initiatives in providing medical care to distant areas on a global level. Moreover, growing applications of drones in healthcare sector will prove beneficial for medical drones market growth. Drones cater to urgent needs of patients with the delivery of required medicines, vaccines, and blood products in local areas. Rapid delivery helps healthcare professionals to deliver treatment quickly that could save patient’s life. Such wide range of applications of drones will augment business growth over forecast period.
Growth Drivers
Challenges
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Base Year |
2023 |
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Forecast Year |
2024-2036 |
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CAGR |
22.8% |
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Base Year Market Size (2023) |
USD 387.17 million |
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Forecast Year Market Size (2036) |
USD 5.59 billion |
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Regional Scope |
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Based upon drone type, the global medical drones market is categorized into fixed wing, rotor drone and hybrid drones. Rotor drone is expected to hold the highest share in global market in 2029, owing to various benefits such as its ability to land and take-off vertically which enables the user to operate it within a smaller region with no much area required to land or take-off as against the fixed wing medical drone that requires larger area to take-off and land.
Based on end-use, the global medical drones market is segmented into emergency medical services, government organizations, and blood banks. Among these, emergency services have occupied a majority of the market share in 2021, mainly due to sustained advancements in drone technology. These drones are generally being deployed for transferring platelets, plasma and blood from the blood banks to clinics and hospitals in remote locations.
Our in-depth analysis of the global market includes the following segments
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By Drone Type |
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By Application |
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By End-User
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North America Market Statistics
Geographically, the medical drones market is segmented into North America, Latin America, Europe, Asia Pacific and the Middle East & Africa region. North America industry is estimated to hold largest revenue share by 2036, due to substantial research funding to the development of medical drones and extensive adoption of medical drones across various healthcare facilities such as hospitals, clinics and ambulatory surgical centres (ASCs). Moreover, the presence of key regulations that favour the deployment of drones in the healthcare sector across both United States and Canada also contributes to the medical drones market growth in the region.
Europe Market Analysis
Furthermore, Europe is also expected to contribute notably to the growth of medical drones over the forecast period mainly due to favourable government initiatives to boost the implementation of medical drones across the medical sector in countries such as Germany, France, United Kingdom, Italy, and Belgium.
Author Credits: Radhika Pawar
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